Heemskirk Poised to Construct Moberly Plant

Heemskirk Consolidated Ltd of Australia reports that the conditions precedent in relation to the stage I draw down of the US$40 million debt facility have now been satisfied. Stage I allows for US$25 million to be drawn down for the construction of Heemskirk’’s 300,000 tonnes/year frac sand project in Moberly, BC. Construction will take an estimated 14 months.

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